In a report released today, Neil Kalton from Wells Fargo maintained a Hold rating on Alliant Energy (LNT – Research Report), with a price target of $66.00. The company’s shares closed last Friday at $61.28.
Kalton covers the Utilities sector, focusing on stocks such as Entergy, Exelon, and Alliant Energy. According to TipRanks, Kalton has an average return of 8.5% and a 68.35% success rate on recommended stocks.
Alliant Energy has an analyst consensus of Moderate Buy, with a price target consensus of $64.60.
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The company has a one-year high of $65.37 and a one-year low of $54.20. Currently, Alliant Energy has an average volume of 1.72M.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LNT in relation to earlier this year.
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Alliant Energy Corp. is a regulated investor-owned public utility holding company that engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates its business through two segments: Utility and Non-utility, Parent and Other. The utility segment consists of Interstate Power and Light Co. and Wisconsin Power & Light Co. The Interstate Power & Light Co. is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas in selective markets in Iowa and southern Minnesota. The Wisconsin Power and Light Co. is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas in selective markets in southern and central Wisconsin. The Non-utility, Parent and Other segment includes the operations of Resources and its subsidiaries, Corporate Services, the Alliant Energy parent company, and any Alliant Energy parent company consolidating adjustments. The company was founded in 1981 and is headquartered in Madison, WI.
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